BASIC AND FULLY DILUTED NET INCOME PER COMMON SHARE

9 Months Ended

Sep. 30, 2023

Net income per share

BASIC AND FULLY DILUTED NET INCOME PER COMMON SHARE

7.     BASIC AND FULLY DILUTED NET INCOME PER COMMON SHARE

The following table sets forth the computation of basic and fully diluted net income per common share for the three and nine months ended September 30, 2023 and 2022:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:
Net income	$	1,100,604	$	852,109	$	836,318	$	314,680
Denominator:
Weighted average common shares:
Denominator for basic calculation		52,548,101		52,142,225		52,404,049		51,968,496
Weighted average effects of potentially diluted common stock:
Stock options (calculated using the treasury method)		472,791		594,553		745,193		457,256
Unvested restricted stock grants		463,782		628,247		1,137,250		250,955
Denominator for fully diluted calculation		53,484,674		53,365,025		54,286,492		52,676,707
Net income per common share:
Basic	$	0.02	$	0.02	$	0.02	$	0.01
Fully diluted	$	0.02	$	0.02	$	0.02	$	0.01